Hong Kong stocks close firmer as Lunar New Year holiday kicks in

Reuters
01-28
Hong Kong stocks close firmer as Lunar New Year holiday kicks in

Updates closing prices

HONG KONG, Jan 28 (Reuters) - Hong Kong's Hang Seng index .HSI ended Tuesday's half-day trading slightly higher, with tech shares and consumption stocks helping the gain ahead of the city's Lunar New Year holiday. The market will be closed for the rest of the week.

China market was closed for the public holiday beginning Tuesday.

** At the close of trade, the Hang Seng index .HSI was up 27.34 points or 0.14% at 20,225.11, while the Hang Seng China Enterprises index .HSCE fell 0.01% to 7,382.13.

** The top gainer on the Hang Seng was Alibaba Health Information Technology 0241.HK, which rose 4.34%, while the biggest loser was Sino Biopharmaceutical 1177.HK, which fell 3.75%.

** The Hang Seng Tech Index .HSTECH climbed 0.77%, the IT sector .HSCIIT rose 1.47% and Hang Seng Consumption Index .HSCGSI gained 0.22%. The financial sector .HSNF slipped 0.25%

** Consumption stocks rose, with Nonfu Spring 9633.HK and Chow Tai Fook 1929.HK up 3.98% and 3.39%, respectively.

** The top gainers among H-shares were Nongfu Spring, followed by New Oriental Education & Technology 9901.HK, gaining 3.7% and Baidu Inc 9888.HK, up by 3.6%.

(Reporting by Hong Kong Newsroom; Editing by Janane Venkatraman)

((donny.kwok@thomsonreuters.com; +852 3462 7745;))

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